NEQSOL Holding, which has bought the United Mining and Chemical Company, will focus on the development of the asset and will look for new deposits. “We understand that UMCC has reserves for the medium-term. The enterprise continues operating and there is no high dependence on reserves now. But we will develop and look for promising…
On October 21, the Minister of Industry and Construction signed a decree to prolong the ban to export ferrous and non-ferrous scrap and wastes. The ban concerns all types of transportation and will be valid for 6 months. The decree comes into effect on November 2. (Ukrainian metal)
On October 22, the State Labor Service revoked the license to produce industrial explosives from the Unigran-Service LLC. In March, the similar license was revoked from Kriviy Rih Iron Ore Industrial Complex. In both cases the licenses were revoked at the companies’ requests. (Ukrainian metal)
The losses of the state-owned company “Mini Maritsa-Istok” are escalating at an alarming rate due to decreased operations and a decline in coal sales, according to a report on the company’s performance in the second quarter of 2024. From January to June, the company generated 116 million leva in operating income, a significant drop from…
Kumtor Gold Company, within the framework of support of domestic production, as well as the renewal and modernization of the service vehicle fleet, purchased several crossovers Chevrolet Tracker, produced at Tulpar Motors plant, for the corporate fleet. The purchased Chevrolet Trackers will replace the cars, the service life of which has come to the end.…
In January-September, global steel output amounted to 1394.15 million tons, down by 1.92% YoY. According to Worldsteel, China was the leader with 768.48 million tons, down by 3.6%. Ukraine remained on the 20th place among 71 global steel producers, having manufactured 5.88 million tons, up by 28.17% YoY. (Ukrainian metal)
In January-September, Azerbaijan produced 461.7 tons of copper wire, up 5.1-fold YoY, 47.435 thousand tons of aluminum wares, up by 65.7%, and 290.2 thousand tons of steel castings, up by 21.8%. Manufacture of rebars increased by 32.1%, to 317.1 thousand tons, but of steel pipes fell by 70.8%, to 68 thousand tons, and raw lead,…
In January-September, Centravis increased stainless seamless pipes manufacture by 8% YoY, to 10.18 thousand tons. Almost everything is exported – mostly to the EU, USA, Near East and Asia. The share of exports this year amounts to 98.9%. (Ukrainian metal)